Cointelegraph.com
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Cointelegraph.com - 09:08 Aug 07, 2025
A VARA spokesperson told Cointelegraph that while mutual license recognition is a feature, it does not mean automatic passporting to different emirates. The United Arab Emirates (UAE) took a significant step toward harmonizing its approach to crypto regulation. The country’s Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) announced a strategic partnership to unify the UAE’s approach to crypto regulations. Last September, the regulators expressed their intention to work together toward unifying crypto frameworks in the country. One feature of the partnership is that it will allow Dubai-based licenses to service the entire UAE, according to a Wednesday announcement shared with Cointelegraph. A VARA spokesperson told Cointelegraph that the latest development formalizes the agreement between the two regulators and “operationalises that intent” with concrete mechanisms. Read more -
Cointelegraph.com - 00:52 Aug 07, 2025
Shares in IREN Ltd closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July. Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s. IREN reported an average hashrate over July of 45.4 EH/s, signalling that a majority of its machines stayed online and productive throughout the month. Read more -
Cointelegraph.com - 21:53 Aug 06, 2025
Circle’s USDC accounted for 63% of salaries paid in crypto in 2024, outpacing USDt despite its trading dominance, according to Pantera’s global compensation survey. The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital. Based on over 1,600 responses from crypto professionals across 77 countries, the report points to a shift toward blockchain-native payroll systems and growing institutional trust in dollar-backed assets, like USDC Coin (USDC) and USDt (USDT). Circle’s USDC led the way, accounting for 63% of all crypto payrolls, despite Tether’s USDt being the most traded stablecoin by volume worldwide. Read more -
Cointelegraph.com - 21:03 Aug 06, 2025
Roman Storm's trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said. The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys. “The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X. Storm was convicted on one felony count for his involvement with Tornado Cash on Wednesday. The jury found him guilty of conspiracy to operate an unlicensed money transmitting business. Read more -
Cointelegraph.com - 19:30 Aug 06, 2025
Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000. Key takeaways: Dollar weakness alone may not be enough for Bitcoin to reclaim $120K. Ongoing global trade tensions add uncertainty to Bitcoin’s short-term price outlook. Read more -
Cointelegraph.com - 19:07 Aug 06, 2025
Nomura’s crypto arm gains regulatory green light in Dubai to offer institutional OTC crypto options, expanding the UAE’s footprint in global digital derivatives. Laser Digital, the digital asset subsidiary of Japan’s investment bank Nomura, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) pilot framework to offer regulated over-the-counter (OTC) crypto options. The “limited license” will allow Laser Digital to offer OTC crypto options to institutional clients under strict oversight, the company said Wednesday. OTC desks allow institutions to trade large volumes of digital assets directly with counterparties, minimizing slippage and enabling more flexible pricing. These desks are typically used by hedge funds, asset managers, trading firms and other high-volume and institutional clients. Read more -
Cointelegraph.com - 18:24 Aug 06, 2025
The deal marks Bakkt’s latest pivot toward becoming a crypto treasury company, with a 30% stake in Tokyo-listed Marusho Hotta and plans to rebrand it as bitcoin.jp. Digital asset custodian and trading company Bakkt is finalizing a minority acquisition of Japanese company Marusho Hotta, marking a strategic step in its transformation into a crypto treasury business backed by Bitcoin and other digital assets. As part of the deal, Bakkt announced plans to acquire a 30% stake in Marusho Hotta, a publicly listed company that manufactures specialty yarns for domestic and international markets. The company will be renamed “bitcoin.jp,” signaling a likely pivot toward operating as a Bitcoin (BTC) treasury vehicle. Marusho Hotta trades under the ticker symbol 8105 on the Tokyo Stock Exchange. Its stock surged more than 36% on Wednesday, likely in response to the acquisition news. Read more -
Cointelegraph.com - 17:59 Aug 06, 2025
The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world. US President Donald Trump’s administration has signed a deal with OpenAI to provide the enterprise-level version of the ChatGPT platform to all federal agencies in an effort to “modernize” operations. Under the deal, all US government agencies will have access to the AI platform for $1 per agency to facilitate integration of AI into workflow operations, according to a Wednesday announcement from the US General Services Administration (GSA). The GSA, which is the US government’s procurement office, said the private-public partnership “directly supports” the White House’s AI Action Plan, a three-pillar strategy to establish US leadership in AI development recently disclosed by the admnistration. Read more -
Cointelegraph.com - 17:08 Aug 06, 2025
With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service. A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business. In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to his role at Tornado Cash, according to court reports from Inner City Press. The jury convicted Roman on conspiracy to run an unlicensed money transmittal business, which carries a maximum sentence of up to five years in prison. No unanimity was reached on charges of conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions. Read more -
Cointelegraph.com - 16:01 Aug 06, 2025
Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner. Key points: Bitcoin is trading in a tight range, indicating a possible breakout in the next few days. Buyers have not ceded much ground to the bears in Ether, suggesting the continuation of the rally. Read more -
Cointelegraph.com - 15:30 Aug 06, 2025
XRP price faces mounting pressure as whales exit, and $2.65 emerges as the line between recovery and a bigger correction. Key takeaways: After dropping 19% in three weeks, XRP faces strong resistance at $3.10-$3.00, with key support at $2.65. Whales have offloaded over 640 million XRP tokens since July 9. Read more -
Cointelegraph.com - 15:15 Aug 06, 2025
Judge issues Allen charge after jury deadlocks in Tornado Cash trial, keeping the case alive as questions mount over crypto developer liability. After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion. An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocked jury, urging them to re-examine their positions and attempt to reach a unanimous verdict. According to court reports on Wednesday by Inner City Press, Storm’s lawyer Brian Klein opposed the charge, arguing that the jury had made it clear a unanimous verdict was unlikely and instead urged the court to consider accepting a partial verdict. Read more -
Cointelegraph.com - 15:00 Aug 06, 2025
Initial DEX offerings have strayed from their retail-first promise, becoming dominated by institutions and high barriers to entry. IDOs could reclaim their promise. Opinion by: Hatu Sheikh, founder of Coin Terminal Crypto has largely failed retail investors. Insiders and institutions scoop up lucrative opportunities before they hit the open markets. Memecoins and purely speculative plays are the only ways for retail investors to reclaim their stake in the pie. They remain exposed to a “crime supercycle” that began with unregulated initial coin offerings (ICOs) in 2017-18. At the time, initial DEX offerings (IDOs) emerged to provide retail investors with open, fair access to early-stage projects. Gradually, though, high threshold requirements, long vesting periods and information asymmetry put most IDOs off-limits for retail investors. Read more -
Cointelegraph.com - 14:35 Aug 06, 2025
A German man is facing a US federal lawsuit after allegedly using a Coinbase‑like domain name to earn affiliate commissions and pose phishing risks. Coinbase, one of the world’s most prominent cryptocurrency exchanges, has sued Tobias Honscha, a German national, in a US federal court, accusing him of misusing the domain name “coinbase.de.” The company alleges that Honscha engaged in cybersquatting, violated affiliate program rules and posed significant phishing risks by operating email services from the domain. Read more -
Cointelegraph.com - 14:30 Aug 06, 2025
Billions worth of ETH raised by Ethereum treasury companies will flow into DeFi chasing yields up to 14%. Get set for DeFi Summer 2.0. Since they emerged from stealth mode two months ago, a dozen Ethereum treasury companies have bought 2 million ETH between them, with Standard Chartered analysts estimating theyll add another 10 million to that pile over time. Theres growing excitement that billions worth of that ETH could flow into DeFi protocols as firms compete to chase yields greater than the 3%-5% on offer from staking and re-staking. Etherealizes Vivek Raman tells Magazine healthy competition between treasury companies for yield could light a fire under the DeFi sector before the end of the year. Im actually pretty excited to see it. This could be the stimulus needed for DeFi Summer 2.0 but on the institutional scale and bigger and better. GameSquare Holdings, BTCS, BitDigital, The Ether Machine and ETHZilla have all announced plans to juice ETH yields via DeFi, while Tom Lees BitMine Digital and Joe Lub... -
Cointelegraph.com - 14:25 Aug 06, 2025
ETH is retesting a multiyear distribution resistance zone that preceded a 66% drop in December 2024. Key takeaways: ETH Net Taker Volume hit -$418.8 million, the second-largest daily sell imbalance ever. Price is retesting a major resistance zone near $4,000, echoing the December 2024 top. Read more -
Cointelegraph.com - 14:05 Aug 06, 2025
Transactions on the Ethereum network have hit yearly highs as the SEC deliberates on how to classify liquid staking protocols. Transactions on the Ethereum network have reached a one-year high as the US Securities and Exchange Commission issues new guidance on staking. This comes amid historical highs in Ether staked on the network; according to Dune Analytics, over 36 million Ether (ETH) is now staked on Ethereum, representing nearly 30% of the total token supply. A large number of tokens locked into smart contracts indicates that Ether holders are hunkering down, preferring to render their ETH unsellable for the time being in exchange for staking rewards. Read more -
Cointelegraph.com - 14:03 Aug 06, 2025
Tokenized stocks are nearing an inflection point that may lead to an $1.3 trillion market opportunity, according to Binance Research. Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report shared with Cointelegraph. The lion’s share, $260 million, was attributed to Exodus Movement (EXOD) shares issued through Securitize. Excluding this figure, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% monthly increase since June. Read more -
Cointelegraph.com - 14:00 Aug 06, 2025
Apex Fusion will debut Vector, a Cardano-aligned blockchain that claims instant finality and 10x transaction speed, at Rare Evo on Saturday. Blockchain services firm Apex Fusion is set to launch Vector, a high-performance, Cardano-aligned blockchain designed for institutional users entering the Web3 space. Vector is a peer-reviewed, UTxO-based blockchain testnet with institutional-grade throughput and a claim of instant transaction finality. It will officially launch at the Rare Evo conference on Saturday, Apex Fusion said in a statement shared with Cointelegraph. This makes it the first Cardano-aligned blockchain to achieve independently verified instant finality, which is the assurance that a transaction is irreversible, according to the announcement. Read more -
Cointelegraph.com - 13:58 Aug 06, 2025
Coinbase legal chief Paul Grewal met with Karnataka IT Minister Priyank Kharge to explore collaboration on developer tools, cybersecurity and blockchain in governance. Paul Grewal, chief legal officer at major crypto exchange Coinbase, met this week with Priyank Kharge, the IT minister of India’s Karnataka state, as the US-based crypto exchange seeks to expand its role in India’s growing digital infrastructure. Grewal publicly thanked Kharge in a Wednesday X post, saying he “is excited to explore how Coinbase can further support Karnataka’s tech leadership.” He said that support could include developer tools, cybersecurity collaboration and capacity-building programs “The future is onchain — and it’s being built here,” Grewal said. Read more
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